Questerre appoints Ted Roberts to Board
Calgary, Alberta — Questerre Energy Corporation (“Questerre” or the “Company”) (TSX,OSE:QEC) reported today that it has appointed Ted Roberts to the Board of Questerre. Peder Paus, Chairman of Questerre, commented, “It is with great pleasure that we welcome Ted Roberts to our Board. He is currently a senior portfolio manager at Mandatum Life, our largest […]
Questerre completes sale of South Antler, Saskatchewan property
Calgary, Alberta — Questerre Energy Corporation (“Questerre” or the “Company”) (TSX,OSE:QEC) reported today that it has concluded a purchase and sale agreement to sell its South Antler property in southeast Saskatchewan for $7 million. Current production from the South Antler property is approximately 77 bbls/d of light oil. As at December 31, 2013, the Company’s […]
Questerre reports third quarter 2014 results
Calgary, Alberta — Questerre Energy Corporation (“Questerre” or the “Company”) (TSX,OSE:QEC) reported today on its financial and operating results for the quarter ended September 30, 2014. Michael Binnion, President and Chief Executive Officer, commented, “Although we experienced some setbacks this quarter, we also moved forward in several other areas. We validated the condensate rates with […]
Questerre updates Montney activities
Calgary, Alberta — Questerre Energy Corporation (“Questerre” or the “Company”) (TSX,OSE:QEC) is pleased to report that commissioning has been completed for the joint venture central compression and condensate stabilization facility located at 16-07-63-5W6M (“16-07 Facility”) in the Kakwa-Resthaven area. Questerre has a 25% working interest in this facility. Michael Binnion, President and Chief Executive Officer […]
Kakwa South well tests at over 800 boe/d with 70 bbls/MMcf of liquids
Calgary, Alberta — Questerre Energy Corporation (“Questerre” or the “Company”) (TSX,OSE:QEC) is pleased to report on the test results from its 16-07-62-5-W6M well (the “16-07 Well”) in the Kakwa-Resthaven area of west central Alberta. The 16-07 Well was completed with a ten-stage slick water fracture stimulation in the approximately 1000m horizontal leg. Over the last […]
Montney development plan underway
Michael Binnion, President and Chief Executive Officer, commented, “With our Montney development plan underway, we drilled a number of key wells in the second quarter of this year. These wells can prove up over 130 possible drilling locations on 17 sections of 100% owned acreage. The 16-07 Well at Kakwa South is currently on flow-back. […]
Questerre updates Montney activities
Michael Binnion, President and Chief Executive Officer, commented, “Over the next several weeks, we expect to see the results from five important Montney wells. The completion of the 16-07 Well in Kakwa South is underway and this should prove up the condensate rates on our ten-section block. In Kakwa North, we are currently drilling the […]
Questerre credit facilities expanded to $50 million
Michael Binnion, President and Chief Executive Officer, commented, “These facilities give us the capital and financial flexibility to execute our Montney development plan. It complements our existing cash position and the cash flow we expect over the second half of the year to fund our capital program till next spring. We believe these facilities will […]
Questerre appoints Earl Hickok to Board and reports voting results of election of directors
Peder Paus, Chairman of Questerre, commented, “We are very pleased to have Earl join our Board. His extensive engineering background will be important as we accelerate the development of our Montney acreage in the Kakwa-Resthaven area of Alberta.” Mr. Hickok is a professional engineer with over thirty years of experience in the upstream oil and […]
Questerre spuds second 100 percent well in Kakwa
Michael Binnion, President and Chief Executive Officer of Questerre, commented, “This is an important well for us as it is the first well on our 100% seven-section block in Kakwa North. We have licensed additional locations and plan to drill up to two more wells on this block in 2014.” Offsetting our joint venture producing […]